MicroStrategy Joins Nasdaq 100, Stocks Soar

MicroStrategy's shares experienced a significant 5% rise in premarket trading on Monday, following the announcement of its inclusion in the prestigious Nasdaq 100 index. This milestone, effective December 23, also marks the addition of Palantir and Axon Enterprise to the index.

The decision comes in the wake of a robust Bitcoin rally, which has significantly boosted MicroStrategy's stock performance. The company's shares have surged an impressive 550% this year, closely mirroring Bitcoin's gains. At 4:07 am ET, premarket trading in New York saw the company's shares rise by 5.46%.